All posts by Tim McAuley

UK-Australia

UK-Australia fintech agreement welcomed

The UK-Australia FinTech Bridge agreement, signed yesterday by Australian Treasurer Scott Morrison and the UK Chancellor of the Exchequer Philip Hammond, is good news for Australian and UK fintechs. The agreement provides a framework for governments, regulators, trade promotion agencies and industry bodies from the two countries to work together and drive fintech growth. The UK is one of Bluechain’s…

Authorised push payment (APP) fraud on the rise

The introduction of near-real-time payments in the UK, USA, EU and Australia has seen a sharp rise in authorised push payment (APP) fraud. APP fraud involves a deception in which the fraudster convinces an individual to make a payment under false pretences, typically by sending a convincing but fraudulent invoice or by diverting payment away from the legitimate service provider….

e-commerce fraud

Fraud in mobile payments continues to rise despite increased fraud prevention efforts by merchants

The Mobile Payments & Fraud 2017 Report sheds light on the current status of payments in the mobile channel from the merchant perspective. With over 800 merchants participating in the 2017 Mobile Payments & Fraud Survey, spanning small and large merchants in every part of the globe, the survey provides a reliable and independent measure of trends in the mobile…

Latest funding round completed

Although securing private funding has proven a difficult path for many Australian tech companies, Bluechain has continued to fund its development from private and institutional sources. In doing so, Bluechain is following a path more commonly seen in Silicon Valley start-ups, in which IPO and trade sale options are pushed further down the timeline, allowing seed investors to maximize return…

Trust and technology: banks should heed the warning signs

According to a recent article in the Australian Financial Review “Bank dominance under threat from technology, trust”, banks need to start taking notice of how the world has changed around them. The days when the banks dictated how consumers paid for goods and services or borrowed money are gone. And if they don’t pay attention, they could find themselves being…

Funding for market trial secured

The latest funding round has just closed for $3 million, once again, fully subscribed, putting the company in a strong position to complete the market trials and launch the product in Australia and international markets. The first market trial kicks off in July in Tasmania with Bluechain partner bank MyState, with the launch planned sometime in 2017. This has been…

Seed funding round fully subscribed

The Board is pleased to announce that the initial share offering to raise $1.5 million has been fully subscribed. This enables the company to establish an office in Melbourne, appoint core development staff, and fund operating costs until mid-2016. The shares were allocated on a first-come-first-served basis until the initial offering of shares was fully subscribed. This initial seed funding…